Analyst Says Market is ‘Underestimating’ Uber Technologies (UBER)

Andrew Arons from Synergy Advisory said in a latest program on Schwab Network that the market is underestimating Uber. He believes that young people not learning how to drive is a potential growth catalyst for Uber:

“People are underestimating what’s going on with Uber Technologies Inc (NYSE:UBER) right now. I mean, they’re going to actually complete 12 billion rides in 2025. I mean, that’s a pretty astounding number. And the younger generation are not drivers. A lot of the younger generation, you know, 18 to 35 year olds, there’s like a 25% decrease in driving from, you know, just a couple of decades ago. So I continue to see Uber outperforming. They have a couple of really good strategic partnerships that they have, and I think all that is just going to make Uber Technologies Inc (NYSE:UBER) stronger.”

Sands Capital Select Growth Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q1 2025 investor letter:

“Uber Technologies, Inc. (NYSE:UBER) reported strong quarterly results, with gross bookings up 21 percent year-over-year, driven by volume rather than pricing, and adjusted EBITDA increasing 44 percent. Investor debate around autonomous vehicles (AVs) continues to influence sentiment. Still, we believe a fragmented AV market—beyond current leaders Tesla and Waymo—will favor Uber, given the likely need for an aggregator (we view it as unlikely that consumers will use separate apps for each AV provider). Additionally, Uber has begun investing in AV fleets and maintenance depots, a move that could further strengthen its position within the evolving AV ecosystem.”

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Disclosure: None. This article is originally published at Insider Monkey.